Been stacking silver for a while, curious about others' strategies and what's next

Joshua Phillips

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Been stacking silver for a while, curious about others' strategies and what's next

joshua_phillips🏆Advanced (250-500k)

about 3 hours ago

Key Takeaways

•I’ve been eyeing the silver market ever since I started converting some of my traditional IRA in 2018.
•My strategy has been pretty straightforward: DCA into silver during dips, and rebalance a bit when gold takes off.
•I’m thinking long-term here, not trying to get rich quick.

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I’ve been eyeing the silver market ever since I started converting some of my traditional IRA in 2018. Coming from the steel industry in Birmingham, you get a pretty good feel for commodities, and honestly, the similarities in industrial demand for silver gave me a comfort level that gold just didn't initially have on its own. Started with about 10% of my total portfolio in physical metals, split probably 70/30 gold to silver back then, but I’ve been steadily increasing my silver holdings. I'm sitting on around $350k total in my Gold IRA now, with a good chunk of that in silver — primarily Eagles and Maples, some bars sprinkled in for good measure.

My strategy has been pretty straightforward: DCA into silver during dips, and rebalance a bit when gold takes off. I’m thinking long-term here, not trying to get rich quick. I see silver's dual role as both a monetary metal and an industrial workhorse as its main strength. With all the talk about electrification and solar, the demand side seems like it’s only going to keep growing. What are some of you more seasoned stackers looking at in terms of industrial demand trends?

Lately, though, I've been pondering if I should be diversifying more within silver itself. I've heard some talk about PSLV or other ETFs for easier liquidity, but I'm hesitant to move away from physical. The whole point for me was tangible assets outside the traditional financial system. Is anyone here balancing physical with a paper silver play? What are your thoughts on the trade-offs regarding storage, fees, and counterparty risk?

Another thing I’m wondering about is the gold-to-silver ratio. It feels high right now, which to my mind screams "buy silver," but it’s been stubbornly high for a while. Is anyone else using this as their primary indicator for when to buy or sell? I've been trying to keep up with the geopolitical stuff and economic forecasts, but sometimes it feels like a firehose of information. I stumbled across the Learning Center recently; thought it had some decent articles on this topic. Anyone else use resources like that to help solidify their strategy?

Ultimately, my goal is wealth preservation and a hedge against inflation and economic uncertainty. I'm comfortable with my current allocation, but always open to refining my approach. What's your silver strategy looking like for the next 5-10 years, especially given the current economic climate?

6 comments

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Best Answer▲ 10 upvotes

ronald_morris👑Elite (1m-5m)

Hey, that's awesome you're looking to diversify into precious metals! Since you're already familiar with silver, have you considered a Gold IRA for the gold side of things? It's a great way to hold physical gold within a tax-advantaged account.

I found this really detailed guide on what a Gold IRA is that might be helpful. It breaks down the process and benefits pretty clearly. Good luck with your stacking!

Comments (6)

james_wilson👑Elite (1m-5m)Real Investor✓ Verified•about 3 hours ago

Hey, I hear you on that! I've been doing something similar, though with gold. Started converting a portion of my 401k to a Gold IRA back in '19, and it's been interesting to watch. Definitely gives you a different perspective on things. What made you lean towards silver initially?

brian_edwards🌟Ultra (5m+)Real Investor✓ Verified•about 3 hours ago

Hey, that's interesting about your background in the steel industry. When you say you started converting some of your traditional IRA, are you talking about a direct rollover into a Gold IRA, or something else?

diane_bailey💰Established (100-250k)Real Investor•about 3 hours ago

Interesting. While I've definitely seen the appeal of silver for its industrial uses, I can't help but wonder if its performance as a pure investment vehicle really holds up in the long run compared to gold, especially for IRA conversions. Gold has consistently shown that "store of value" characteristic that silver can sometimes struggle to maintain during market fluctuations. Just something to consider for those looking at what's "next."

ronald_morris👑Elite (1m-5m)Real Investor•about 3 hours ago

I found this really detailed guide on what a Gold IRA is that might be helpful. It breaks down the process and benefits pretty clearly. Good luck with your stacking!

ashley_baker💼Starter (0-50k)✓ Verified•about 3 hours ago

Totally agree with you on the increasing appeal of precious metals, especially now! I’ve been stacking gold myself since late 2017 with my Roth IRA. It's really helped me sleep better at night knowing a portion of my retirement isn't just in paper assets.

michelle_collins🏆Advanced (250-500k)Real Investor•about 3 hours ago

Been doing the same with silver, mostly smaller bars and Eagles. The gold IRA was a game-changer for my retirement savings though. Ended up doing a partial 401k rollover from an old employer, and the tax advantages on long-term capital gains for those precious metals are just too good to pass up. Now I look at my physical stack differently than the stuff held in the IRA.

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